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HANGZHOU, China--(BUSINESS WIRE)--BYD
Company Ltd. has received a record-setting order for their new
energy vehicles. Situated in east
China along the Qiantang River lies Hangzhou,
a place commonly referred to as one of China’s most beautiful cities. In
response to China’s deteriorating air quality and ecological
environment, Hangzhou’s
Leadership has taken a serious stance on combatting the issues by
adopting zero-emissions public transportation, namely electric buses and
taxis.

The order for 2,000 long-range,
battery-electric transit buses and 1,000 long-range,
pure-electric cars was signed this week by the Mayor of Hangzhou,
Hongming Zhang and is one of the world’s largest all-electric fleets
ever ordered. “Hangzhou is a beautiful place with a rich history and
culture, as well as a great environment for investment. BYD is excited
to bring our world-leading electric transportation technologies to
Hangzhou and witness the vision and dreams of this leadership team come
to pass,” said BYD Ltd founder and Chairman, Wang Chuanfu. The order is
a remarkable achievement for BYD, cementing their place as the world’s
preeminent electric-fleet provider. “There is simply no other company
that manufactures and delivers fleets of electric cars and electric
buses by the thousands! The R&D expertise, manufacturing scale and
component spend leverage BYD is gaining from building and delivering
these fleets has put us years ahead of any possible competitor,” said
BYD America Vice President Micheal Austin who just delivered BYD’s
first American-made long-range, electric buses last week to California’s
Governor Jerry Brown.

Hangzhou is home to Alibaba,
another high-tech Chinese company known for game-changing innovations.
“Today the electric vehicle market is growing and EV technologies have
matured to the point where every city transit should be adopting them.
The turning point of new energy is now, and we want to see BYD grow the
same way we saw Jack Ma’s Alibaba grow years ago,” said Secretary Gong
Zheng of Hangzhou’s Municipal Committee. BYD will be making special
arrangements to deliver the first 1,000 buses and 500 eTaxis by the end
of 2014.

About BYD

BYD
Company Ltd. is one of China’s largest companies to have
successfully expanded globally. Specializing in battery technologies,
their green mission to “solve the whole problem” has made them industry
pioneers and leaders in several High-tech sectors including
High-efficiency Automobiles, Electrified Public Transportation,
Environmentally-Friendly Energy Storage, Affordable Solar Power and
Information Technology and Original Design Manufacturing (ODM) services.

As the world’s largest manufacturer of rechargeable batteries, their
mission to create safer and more environmentally friendly battery
technologies has lead to the development of the BYD
Iron Phosphate (or "Fe") Battery. This fire-safe,
completely recyclable and incredibly long-cycle technology has become
the core of their clean energy platform that has expanded into
automobiles, buses, trucks, utility vehicles and energy storage
facilities. BYD and all of their shareholders, including the great
American Investor Warren Buffett, see these environmentally and
economically forward products as the way of the future.

BYD has made a strong entrance to the North, Central and South American
markets with their battery electric buses, and lineup of automobiles.
Their mission lies not just in sales growth, but also in sociological
integration and local job creation as they have poured incredible
investments into developing offices, dealerships and manufacturing
facilities in the local communities they now call home, truly a first
for Chinese companies. For more information, please visit www.byd.com
or www.facebook.com/bydcompany.